Terex Co. (NYSE:TEX) Receives $48.44 Consensus Target Price from Brokerages

Shares of Terex Co. (NYSE:TEX) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $47.33.

A number of equities research analysts have recently weighed in on TEX shares. Citigroup reduced their price target on shares of Terex from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their target price on shares of Terex from $58.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group reduced their price objective on Terex from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on Terex from $48.00 to $38.00 and set a “neutral” rating for the company in a report on Monday.

Terex Stock Performance

NYSE TEX opened at $34.54 on Friday. Terex has a 1 year low of $31.53 and a 1 year high of $68.08. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 4.53 and a beta of 1.40. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The firm’s 50 day simple moving average is $39.95 and its 200 day simple moving average is $46.88.

Terex (NYSE:TEX) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period last year, the business posted $1.88 EPS. As a group, research analysts expect that Terex will post 4.83 earnings per share for the current fiscal year.

Terex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 7th. Terex’s dividend payout ratio is presently 13.71%.

Insider Transactions at Terex

In other Terex news, Director Andra Rush acquired 1,325 shares of the stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $36.96 per share, with a total value of $48,972.00. Following the transaction, the director now owns 23,308 shares in the company, valued at approximately $861,463.68. The trade was a 6.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Terex

Several hedge funds have recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in Terex by 83.0% in the first quarter. UMB Bank n.a. now owns 732 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 332 shares during the period. Neo Ivy Capital Management bought a new position in shares of Terex during the 4th quarter worth about $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Terex in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in Terex by 46.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 704 shares of the industrial products company’s stock valued at $32,000 after buying an additional 222 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Terex by 88.1% in the 1st quarter. Fifth Third Bancorp now owns 905 shares of the industrial products company’s stock valued at $34,000 after buying an additional 424 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

About Terex

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.